402 S Washington AveFredericksburgIA50630
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Fredericksburg at 402 S Washington Ave, Fredericksburg, IA, 50630 uses $58,013 cash to close to unlock $1,248/yr annual cash flow and $104/mo monthly cash flow. Total monthly income runs $1,241/mo, and a $857/mo payment keeps the spread at $104/mo. Purchase price stands at $175,000, and rental yield measures 8.51% with $1,241/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 114.75% and total cumulative return in cash records $66,571. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,241/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50630, Fredericksburg, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 770 (100%) |
| Owner Occupied HU | 565 (73.4%) |
| Renter Occupied HU | 138 (17.9%) |
| Vacant Housing Units | 67 ( 8.7%) |
| Median Home Value | $218,646 |
| Average Home Value | $220,447 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
516
Multi-Family
11
Businesses
44
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Listed by: Janae M Ohrt • Century 21 Signature Real Estate - Cedar Falls
Mls Name: Northeast Iowa Regional BOR
Mls ID: #20256106